10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NEXTERA ENERGY INC | |||
Ticker: NEE Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | |||
| (In Dollars) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $ 1,911,000,000 | 1,923,000,000 | 1,957,000,000 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 1,518,000,000 | 1,567,000,000 | 1,788,000,000 |
| Nuclear fuel amortization | 254,000,000 | 277,000,000 | 285,000,000 |
| Loss on sale of natural gas-fired generating assets | 0 | 151,000,000 | 0 |
| Impairment charges | 0 | 51,000,000 | 19,000,000 |
| Unrealized (gains) losses on marked to market energy contracts | (85,000,000) | (271,000,000) | (386,000,000) |
| Deferred income taxes | 682,000,000 | 553,000,000 | 511,000,000 |
| Cost recovery clauses and franchise fees | 129,000,000 | 181,000,000 | (629,000,000) |
| Changes in prepaid option premiums and derivative settlements | (90,000,000) | (11,000,000) | 86,000,000 |
| Benefits associated with differential membership interests | (81,000,000) | (118,000,000) | (16,000,000) |
| Equity in earnings of equity method investees | (13,000,000) | (55,000,000) | (58,000,000) |
| Distributions of earnings from equity method investees | 32,000,000 | 95,000,000 | 74,000,000 |
| Allowance for equity funds used during construction | (67,000,000) | (39,000,000) | (37,000,000) |
| Gains on disposal of assets - net | (157,000,000) | (85,000,000) | (67,000,000) |
| Other than temporary impairment losses on securities held in nuclear decommissioning funds | 16,000,000 | 36,000,000 | 16,000,000 |
| Other - net | 133,000,000 | 321,000,000 | 54,000,000 |
| Changes in operating assets and liabilities: | |||
| Customer and other receivables | 286,000,000 | (149,000,000) | 102,000,000 |
| Materials, supplies and fossil fuel inventory | 1,000,000 | (308,000,000) | 22,000,000 |
| Other current assets | (46,000,000) | (22,000,000) | (52,000,000) |
| Other assets | 3,000,000 | (103,000,000) | 42,000,000 |
| Accounts payable | (17,000,000) | (97,000,000) | 179,000,000 |
| Customer deposits | (39,000,000) | (87,000,000) | 21,000,000 |
| Margin cash collateral | 104,000,000 | 81,000,000 | 61,000,000 |
| Income taxes | (20,000,000) | 62,000,000 | 56,000,000 |
| Interest and other taxes | 15,000,000 | 12,000,000 | (3,000,000) |
| Other current liabilities | 139,000,000 | 3,000,000 | 76,000,000 |
| Other liabilities | (44,000,000) | (192,000,000) | (63,000,000) |
| Net cash provided by operating activities | 3,992,000,000 | 4,074,000,000 | 3,834,000,000 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Capital expenditures | (4,070,000,000) | (3,137,000,000) | (2,605,000,000) |
| Independent power and other investments of NextEra Energy Resources | (4,591,000,000) | (2,601,000,000) | (2,899,000,000) |
| Cash grants under the American Recovery and Reinvestment Act of 2009 | 196,000,000 | 624,000,000 | 588,000,000 |
| Funds received from a spent fuel settlement | 48,000,000 | 73,000,000 | 44,000,000 |
| Nuclear fuel purchases | (305,000,000) | (538,000,000) | (274,000,000) |
| Other capital expenditures | (495,000,000) | (352,000,000) | (68,000,000) |
| Sale of natural gas-fired generating assets | 0 | 1,204,000,000 | 0 |
| Change in loan proceeds restricted for construction | 314,000,000 | (565,000,000) | 0 |
| Proceeds from sale or maturity of securities in special use funds | 5,028,000,000 | 4,348,000,000 | 6,726,000,000 |
| Purchases of securities in special use funds | (5,107,000,000) | (4,440,000,000) | (6,835,000,000) |
| Proceeds from sale or maturity of other securities | 273,000,000 | 488,000,000 | 721,000,000 |
| Purchases of other securities | (312,000,000) | (515,000,000) | (714,000,000) |
| Other - net | 93,000,000 | 132,000,000 | 32,000,000 |
| Net cash used in investing activities | (8,928,000,000) | (5,279,000,000) | (5,284,000,000) |
| CASH FLOWS FROM FINANCING ACTIVITES | |||
| Issuances of long-term debt | 6,630,000,000 | 3,940,000,000 | 3,724,000,000 |
| Retirements of long-term debt | (1,612,000,000) | (2,121,000,000) | (769,000,000) |
| Proceeds from sale of differential membership interests | 808,000,000 | 466,000,000 | 261,000,000 |
| Payments to differential membership investors | (139,000,000) | (100,000,000) | 0 |
| Net change in short-term debt | 61,000,000 | 460,000,000 | (1,130,000,000) |
| Issuances of common stock - net | 405,000,000 | 48,000,000 | 308,000,000 |
| Repurchases of common stock | (19,000,000) | (375,000,000) | 0 |
| Dividends on common stock | (1,004,000,000) | (920,000,000) | (823,000,000) |
| Other - net | (242,000,000) | (118,000,000) | (57,000,000) |
| Net cash provided by (used in) financing activities | 4,888,000,000 | 1,280,000,000 | 1,514,000,000 |
| Net increase (decrease) in cash and cash equivalents | (48,000,000) | 75,000,000 | 64,000,000 |
| Cash and cash equivalents at beginning of year | 377,000,000 | 302,000,000 | |
| Cash and cash equivalents at end of year | 329,000,000 | 377,000,000 | 302,000,000 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest (net of amount capitalized) | 1,001,000,000 | 978,000,000 | 916,000,000 |
| Cash paid (received) for income taxes - net | 25,000,000 | (95,000,000) | 20,000,000 |
| SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
| Assumption of debt in connection with the purchase of independent power projects | 0 | 0 | 35,000,000 |
| Accrued property additions | 970,000,000 | 909,000,000 | 545,000,000 |
| Sale of natural gas-fired generating assets through assumption of debt by buyer | 0 | 158,000,000 | 0 |
| Legal Entity | |||
| FPL | |||
| Net income (loss) | 1,240,000,000 | 1,068,000,000 | 945,000,000 |
| Depreciation and amortization | 659,000,000 | 798,000,000 | 1,008,000,000 |
| Nuclear fuel amortization | 107,000,000 | 147,000,000 | 137,000,000 |
| Deferred income taxes | 988,000,000 | 675,000,000 | 419,000,000 |
| Cost recovery clauses and franchise fees | 129,000,000 | 181,000,000 | (629,000,000) |
| Allowance for equity funds used during construction | (52,000,000) | (35,000,000) | (36,000,000) |
| Other - net | (27,000,000) | 73,000,000 | 16,000,000 |
| Customer receivables | (78,000,000) | 28,000,000 | 127,000,000 |
| Other receivables | (18,000,000) | 37,000,000 | (43,000,000) |
| Materials, supplies and fossil fuel inventory | 33,000,000 | (254,000,000) | 23,000,000 |
| Other current assets | (20,000,000) | (20,000,000) | (25,000,000) |
| Other assets | (41,000,000) | (52,000,000) | 40,000,000 |
| Accounts payable | 4,000,000 | (49,000,000) | 51,000,000 |
| Customer deposits | (37,000,000) | (88,000,000) | 22,000,000 |
| Income taxes | (111,000,000) | (215,000,000) | (129,000,000) |
| Interest and other taxes | 1,000,000 | (21,000,000) | 7,000,000 |
| Other current liabilities | 67,000,000 | 32,000,000 | 22,000,000 |
| Other liabilities | (21,000,000) | (60,000,000) | (21,000,000) |
| Net cash provided by operating activities | 2,823,000,000 | 2,245,000,000 | 1,934,000,000 |
| Capital expenditures | (4,070,000,000) | (3,137,000,000) | (2,605,000,000) |
| Cash grants under the American Recovery and Reinvestment Act of 2009 | 0 | 218,000,000 | 161,000,000 |
| Funds received from a spent fuel settlement | 31,000,000 | 57,000,000 | 32,000,000 |
| Nuclear fuel purchases | (215,000,000) | (365,000,000) | (101,000,000) |
| Proceeds from sale or maturity of securities in special use funds | 3,790,000,000 | 2,988,000,000 | 5,079,000,000 |
| Purchases of securities in special use funds | (3,838,000,000) | (3,052,000,000) | (5,160,000,000) |
| Other - net | 37,000,000 | 32,000,000 | 33,000,000 |
| Net cash used in investing activities | (4,265,000,000) | (3,259,000,000) | (2,561,000,000) |
| Issuances of long-term debt | 1,296,000,000 | 840,000,000 | 924,000,000 |
| Retirements of long-term debt | (50,000,000) | (45,000,000) | (42,000,000) |
| Net change in short-term debt | (225,000,000) | 229,000,000 | (717,000,000) |
| Capital contributions from NEE | 440,000,000 | 410,000,000 | 660,000,000 |
| Dividends on common stock | 0 | (400,000,000) | (250,000,000) |
| Other - net | (15,000,000) | (4,000,000) | (11,000,000) |
| Net cash provided by (used in) financing activities | 1,446,000,000 | 1,030,000,000 | 564,000,000 |
| Net increase (decrease) in cash and cash equivalents | 4,000,000 | 16,000,000 | (63,000,000) |
| Cash and cash equivalents at beginning of year | 40,000,000 | 20,000,000 | 20,000,000 |
| Cash and cash equivalents at end of year | 40,000,000 | 20,000,000 | 20,000,000 |
| Cash paid for interest (net of amount capitalized) | 400,000,000 | 389,000,000 | 321,000,000 |
| Cash paid (received) for income taxes - net | (124,000,000) | 194,000,000 | 291,000,000 |
| Accrued property additions | 472,000,000 | 526,000,000 | 275,000,000 |
| External Links | |
| NEXTERA ENERGY INC (NEE) Fiscal Year 2012 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |